Car manufacturers have responded to Government’s decision to cut its plug-in car grant with a mixture of frustration and tweaked finance offers to maintain their March sales.
Manchester-based car finance company Zuto has hired 100 new staff members since June 2020 to increase its workforce by 40% during the COVID-19 pandemic.
The Finance and Leasing Association (FLA) has predicted a “strong recovery” from the consumer car finance sector after volumes declined by 35% as COVID-19 ‘Lockdown 3’ stalled trading in January.
Automotive ecommerce specialist iVendi has helped UK car retailers to facilitate £1.3 billion in vehicle sales in the past 12 months – up £200m despite the impact of COVID-19.
Automotive retail ecommerce specialist drivvn has appointed Sian Cutter as its new head of finance to support software as a service (SaaS) delivery to the sector.
UK accounting watchdog the Financial Reporting Council (FRC) has opened an investigation into Deloitte audit of Lookers PLC’s financial statements for 2017 and 2018.
Demand for subprime lending has more than doubled in the last year, according to motor finance broker Caerus Capital.
Alphera Financial Services has launched a new online finance and insurance (F&I) training programme, ‘Funding Essential Skills'.
Staff headcount at iVendi is set to “almost double” over the next three years, in support of expansion plans in the UK and Europe, says chief executive James Tew.
The FCA has told Lookers does not intend to apply any sanction against the car retail group following the decision to close its investigation into the ‘possible mis-selling’ of regulated products.
Daniel Glenn has joined iVendi as vice president of technical operations, responsible for building an IT team that will expand to support the company’s growth plans over the next three years.
The Financial Conduct Authority (FCA) has made a number of senior appointments, including naming a new chief operating officer.
Mercedes-Benz commercial vehicle dealer group Rygor Commercials has promoted Tim Smith to the role of finance director.
The Bank of England (BoE) has said that 70% of consumers will hold on to any savings they managed to accrue during COVID-19 lockdown.
Finance and Leasing Association’s (FLA) members feel there are ‘opportunities for growth’ this year – if the COVID-19 vaccination programme proves successful.
Mazda UK has added its new MX-30 electric vehicle (EV) to the list of cars eligible for savings of up to £4,000 in its CO2 emissions-reducing car scrappage scheme.
Volvo Car Financial Services UK has been launched as a joint venture between Volvo Cars and Santander Consumer UK.
Volkswagen Financial Services (VWFS) chief executive, Mike Todd, predicts that - aside from the impact of Brexit - three other key areas will continue to influence the automotive sector’s response post COVID-19.
Alphera Financial Services has recorded its best-ever annual performance in 2020, despite the unprecedented and challenging circumstances.
The Finance and Leasing Association (FLA) has welcomed changes to Financial Conduct Authority (FCA) legislation which will allow motor finance firms to resume car repossessions from motorists who miss regular repayments.
